Regulators from Canada and Great Britain have warned against two new Forex brokers.
The first alert comes from the Ontario Securities Commission (OSC) and it concerns HQ Broker, which is a typical Forex broker.
It is based in Marshall Islands, but despite the absence of a licence it is targeting people in regulated countries.
The second alert comes from the Financial Conduct Authority that has noticed that 8inFX is targeting UK residents, although it is not regulated.
8inFX is allegedly based in Vanuatu, but has no licence whatsoever.
We recommend trading with regulated brokers only.